Price: $ 1295
BMI View: We have downgraded our outlook for real GDP growth in Ukraine in 2013 and 2014, and now expect GDP to contract by 1.4% in 2013 and grow by just 1.0% in 2014. We maintain our expectations for growing external account imbalances to drive a devaluation of the hryvnia by the end of the year. Our expectations are for a slight slowdown in household consumption in 2013 as weaker external demand drives higher unemployment and the boost from elevated pre-election social transfers fades. Headline Industry Data (local currency) ? 2013 per capita food consumption = +9.0%; five-year forecast to 2017 = +49.4% ? 2013 alcoholic drinks value sales = +10.1%; five-year forecast to 2017 = +56.0% ? 2013 soft drinks value sales = +12.3%; five-year forecast to 2017 = +56.0% ? 2013 mass grocery reta ...
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